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Report Date : |
18.09.2013 |
IDENTIFICATION DETAILS
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Name : |
COMMERCIO E INDUSTRIA FARMOS LTDA |
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Formerly Known As : |
HOSPITALAR FARMOS LTDA |
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Registered Office : |
Rua Souto Carvalho, 52 Caixa Postal 3212 - Engenho Novo 20950-310- Rio
De Janeiro/RJ |
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Country : |
Brazil |
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Date of Incorporation : |
11.04.1946 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturer of chemical and pharmaceutical products. |
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No. of Employees : |
50 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Brazil |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Brazil ECONOMIC OVERVIEW
Characterized by large and well-developed
agricultural, mining, manufacturing, and service sectors, Brazil's economy
outweighs that of all other South American countries, and Brazil is expanding
its presence in world markets. Since 2003, Brazil has steadily improved its
macroeconomic stability, building up foreign reserves, and reducing its debt
profile by shifting its debt burden toward real denominated and domestically
held instruments. In 2008, Brazil became a net external creditor and two
ratings agencies awarded investment grade status to its debt. After strong
growth in 2007 and 2008, the onset of the global financial crisis hit Brazil in
2008. Brazil experienced two quarters of recession, as global demand for
Brazil's commodity-based exports dwindled and external credit dried up.
However, Brazil was one of the first emerging markets to begin a recovery. In
2010, consumer and investor confidence revived and GDP growth reached 7.5%, the
highest growth rate in the past 25 years. Rising inflation led the authorities
to take measures to cool the economy; these actions and the deteriorating
international economic situation slowed growth to 2.7% in 2011, and 1.3% in
2012. Unemployment is at historic lows and Brazil's traditionally high level of
income inequality has declined for each of the last 14 years. Brazil's
historically high interest rates have made it an attractive destination for
foreign investors. Large capital inflows over the past several years have
contributed to the appreciation of the currency, hurting the competitiveness of
Brazilian manufacturing and leading the government to intervene in foreign
exchange markets and raise taxes on some foreign capital inflows. President
Dilma ROUSSEFF has retained the previous administration's commitment to
inflation targeting by the central bank, a floating exchange rate, and fiscal
restraint. In an effort to boost growth, in 2012 the administration implemented
a somewhat more expansionary monetary policy that has failed to stimulate much
growth.
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Source : CIA |
COMERCIO E INDUSTRIA FARMOS LTDA.
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MAIN ADDRESS: |
RUA SOUTO CARVALHO, 52 CAIXA POSTAL 3212 - ENGENHO NOVO |
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ZIP CODE/CITY: |
20950-310 - RIO DE JANEIRO/RJ |
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PHONE: |
21 2501-8852 |
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FAX: |
21 2261-2605 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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ADDRESS: |
RUA JOSE DE NEVES, 639 |
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ZIP CODE/CITY: |
SÃO PAULO/SP |
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ADDRESS: |
RUA BRUNO SEABRA, 261 |
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ZIP CODE/CITY: |
RIO DE JANEIRO/RJ |
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ADDRESS: |
RUA BRUNO SEABRA, 233 |
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ZIP CODE/CITY: |
RIO DE JANEIRO/RJ |
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MAIN ACTIVITIES: |
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MANUFACTURE OF CHEMICAL AND PHARMACEUTICAL PRODUCTS. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
11/04/1946 |
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REGISTER DATE: |
11/04/1946 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
33.152.646/0001-43 |
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STATE REGISTER: |
81.735.263 |
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SHARE CAPITAL: |
R$ 1.870.000,00 |
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BOARD OF
DIRECTORS: |
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JOSÉ DE SOUZA CANTALICE |
DIRECTOR |
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THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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JOSÉ DE SOUZA CANTALICE |
82% |
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DULCINEIDE MUNIZ DE MELO |
18% |
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AFFILIATES /
SUBSIDIARIES: |
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A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR PARTNERS
HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
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HERCULES INDÚSTRIA E COMÉRCIO LTDA |
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LOCENTER EQUIPAMENTOS MECANICOS LTDA - ME |
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CURVELANA INDUSTRIA E COMERCIO S/A |
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NATURAL PHARMA PRODUTOS FARMACEUTICOS LTDA |
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LOCENTER EQUIPAMENTOS MECANICOS LTDA - ME |
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THE SUBJECT WAS ESTABLISHED ON APRIL 11, 1946 AS HOSPITALAR FARMOS LTDA.
TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON FEBRUARY 19, 1976 IT ADOPTED
THE ABOVE MENTIONED NAME. TRADE NAME: "FARMOS". REMARKS: -------- WHEN INTERVIEWED SOURCES AT THE SUBJECT STATED THAT ARE STILL WAITING FOR
AUTHORIZATION FROM THE PRINCIPALS TO PROVIDE THE DATA NECESSARY TO COMPLETE
THIS REPORT. A REQUEST FOR FURTHER DATA HAS BEEN SENT TO THE COMPANY. PROVIDED THE
DATA REQUESTED ARE RECEIVED FROM THE SUBJECT A COMPLEMENTARY REPORT WILL BE
SENT TO YOUR ATTENTION. THE DATA CONTAINED HEREIN WERE OBTAINED FROM OUTSIDE SOURCES, OUR
DATABASE AND OFFICIAL. NO FURTHER DATA WAS AVAILABLE WITH SEVERAL SOURCES
USUALLY INVESTIGATED. |
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PUBLIC INFORMATION: |
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NO DETRIMENTAL FILES WERE FOUND. |
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DUE TO THE SUBJECT'S LEGAL FORM, IT IS NOT OBLIGED TO PUBLISH THE
BALANCE SHEET INFORMATION. WHEN INTERVIEWING SOURCES AT THE SUBJECT COMPANY
DECLINED TO PROVIDE ANY KIND OF FINANCIAL INFORMATION AS THEY ARE STILL NOT AUTHORIZED
TO DO SO. OUR INVESTIGATION THROUGH THE OUTSIDE SOURCES SHOWED NO FINANCIAL DATA
ABOUT THE SUBJECT. |
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EXCHANGE RATE: |
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US$ 1,00 = R$ 2,27 |
- OFFICIAL RATE ON 13/09/2013 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
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IN THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE MADE ABOUT
THE SUBJECT'S CURRENT FINANCIAL STANDING. |
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REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 589.250,40
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VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 201.063,06
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MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 703.840,21
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NOT AVAILABLE. |
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BRANCH/PHONE: |
CITY: |
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BANCO BRADESCO S/A |
MEYER / 21 289-9932 |
RIO DE JANEIRO/RJ |
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BANCO DO BRASIL S/A |
CINELÂNDIA / 21 272-6401 |
RIO DE JANEIRO/RJ |
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BICBANCO S/A |
ASSEMBLÉIA / 21 292-7744 |
RIO DE JANEIRO/RJ |
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REMARKS: IN BRAZIL THE BANKS ARE PROHIBITED BY LAW TO PROVIDE
INFORMATION OR ANY KIND OF COMMENTS ABOUT THEIR CLIENTS. DUE TO THIS LAW PROHIBITION
WE ARE UNABLE TO PROVIDE ANY BANKING DETAILS. ACCORDING TO THE CENTRAL BANK OF BRAZIL OFFICIAL REPORT, THE COMPANY
HAS NO RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682
BRAZILIAN CENTRAL BANK"). |
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THE SUBJECT IS ENGAGED IN THE MANUFACTURE OF CHEMICAL AND
PHARMACEUTICAL PRODUCTS. |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
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GERMANY, SWITZERLAND AND CHINA. |
EXPORTS TO:
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NOT DISCLOSED. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
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PHONE: |
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BAYER S/A |
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11 524-5166 |
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LABORATÓRIOS GROSS S/A |
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21 597-3112 |
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M. CASSAB COMERCIO E INDÚSTRIA LTDA |
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11 522-7788 |
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PRODUTOS FARMACÊUTICOS MILLET ROUX |
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PRODUTOS ROCHE QUÍMICOS E FARMACEUTICOS S/A |
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21 348-2110 |
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SANOFI WINTHROP FARMACÊUTICA LTDA |
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21 369-1500 |
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SERVIER DO BRASIL LTDA |
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21 597-2832 |
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SMITHKLINE BEECHAM |
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STAFF: |
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THE COMPANY HAS: 50 EMPLOYEE(S) |
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THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY IN BUSINESS SINCE
1946. SO FAR IT IS NOTED A CLEAR TRADE HISTORY AND MODEST PAYMENT BEHAVIOR. THE COMPANY HAS TRADE RELATIONS WITH SOME LOCAL SUPPLIERS BUT UP TO
DATE ONLY SMALL PAYMENTS WERE REPORTED AND THE SUBJECT IS NOT SAID TO BE USER
OF TRADE CREDIT FACILITIES. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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PHONE: |
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BUSCHLE & LEPPER S/A |
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47 3334-1088 |
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CIBRAPEL S/A IND. DE PAPEL E EMBALAGENS |
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ISP DO BRASIL LTDA |
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11 3649-0455 |
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M. CASSAB COMÉRCIO E INDÚSTRIA LTDA |
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11 2162-7788 |
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MANCHESTER CHEMICAL PRODUTOS QUÍMICOS LTDA |
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MERCK S/A INDÚSTRIA QUÍMICAS |
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21 2444-2000 |
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QUÍMICA INDUSTRIAL BARRA DO PIRAÍ S/A |
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21 205-3835 |
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REFINARIA NACIONAL DE SAL S/A |
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24 645-4646 |
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PAYMENT HISTORY: |
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02 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 4.663,00 |
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AMOUNT OF INVOICES PAID: 3 |
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TOTAL OF PROMPT PAYMENTS: 78,5% |
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TOTAL OF DELAYED PAYMENTS: 21,5% |
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HIGHEST INVOICE: R$ 2.100,00 |
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HIGHEST CREDIT: R$ 2.100,00 |
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BASED ON THE OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED FOR
NORMAL BUSINESS COMMITMENTS. CREDIT FACILITIES HOWEVER SHOULD BE GRANTED ON FULLY
SECURED TERMS ONLY DUE TO THE ABSENCE OF FINANCIAL DATA. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.38 |
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UK Pound |
1 |
Rs.100.86 |
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Euro |
1 |
Rs.84.59 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.